Key facts
- Sentora is curating markets for RLUSD, PYUSD, and OUSD.
- Markets allow borrowing against yield-bearing and blue-chip collateral.
- Aave V4's Hub-and-Spoke architecture is deployed under external curation.
- Sentora controls collateral selection, risk parameters, and interest rates within its hubs.
- Risk-increasing parameter changes are subject to a 48-hour timelock.
- New assets require Aave governance review before listing.
Aave V4 has launched its first external curator market on Ethereum, with institutional DeFi platform Sentora managing three isolated lending pools. These markets allow users to borrow stablecoins such as Ripple's RLUSD, PayPal's PYUSD, and Origin's OUSD by using yield-bearing and blue-chip collateral. This deployment utilizes Aave V4's Hub-and-Spoke architecture, a model approved by the Aave DAO, enabling specialized curators like Sentora to manage risk parameters and collateral selection within their own liquidity hubs, while the DAO retains control of the underlying contracts. Sentora has allocated over $2 billion across its on-chain strategies and operates distinct markets for yield-bearing assets and blue-chip collateral. Safeguards include a 48-hour timelock for risk-increasing parameter changes and an Aave governance review for new assets. The launch follows Aave's broader strategy to move beyond monolithic lending and expand its V4 model across chains, with a prior launch on Avalanche targeting institutional real-world assets and tokenized credit markets.